CenterStone Technologies Secures $4.0 Million in New Funding

Latest infusion of capital for sales order management specialist to go toward expanding in Europe, developing new products

Latest infusion of capital for sales order management specialist to go toward expanding in Europe, developing new products

Denver, CO — August 2, 2005 — Solution provider CenterStone Technologies, which offers Web-based sales order management software for manufacturers of sporting goods, recreation products, apparel and footwear selling through specialty retailers, has raised an additional $4.0 million in funding from current investors, the company has announced.

"We are pleased that our current investors have once again given us their vote of confidence," said Tom Detmer, president and CEO of CenterStone. "As we continue to hit our targets, our financial partners continue to stand behind us."

Kyle Lefkoff, general partner with Boulder Ventures and a director of CenterStone, said that Boulder's additional investment reflects the company's long-term commitment to CenterStone Technologies.

"Tom Detmer has assembled a seasoned management team that has a track record of delivering on its promises to clients and investors," Lefkoff said. "In addition, their product is second to none, and the execution of their business plan has been superb."

Detmer went on to say that the additional capital will allow CenterStone to continue to expand its business in Europe, continue development of new products such as its iVendix application, and grow in other markets such as the surf and action sports industries.

"We are dedicated to the idea that information availability and improved order handling are 'company features' that CenterStone makes possible for its clients," Detmar said, "and by advancing this thinking we will continue to make it easier and more profitable for our clients — manufacturers and specialty retailers — to do business together."

Customer currently using CenterStone's technology include The North Face, Marmot, Pearl Izumi, KHS Bicycles and Jansport, among others.

Additional Articles of Interest

Understanding and filling customer needs collaboratively adds more value than designing processes and systems to beat the competition. For an example of how one company did it, read the article "Aligning Fulfillment Metrics to Customer Segment Requirements."

— The focus in the retail sector has shifted from managing the movement of goods to managing information about goods. Read more in "Ramping Up the Retail Supply Chain," in the February/March 2005 issue of Supply & Demand Chain Executive.

Forecast accuracy is important, but enterprises must look beyond it to realize their demand and supply chain objectives. For more information, read the exclusive article "The Accuracy Trap."